How Important is Psychology in Forex Trading?

[moonchild]

Psychology in trading is one of the most talked about topic in forex, many believe psychology is everything in trading while others think otherwise, I think it plays a major role in how we perform in trading, our reaction to losses will very much determine how far you'll go in trading.

You have to learn to control your emotions and also manage then wen they're raging, so that they don't get to sabotage your results, trading is a losing game in a way that only the best loser wins, understanding this will help you in making better decisions in your trading.

 

[Asahi]

We have to break psychological weakness and I always focus on better market analysis for better trading. Fundamental analysis is different from technical one. In technical analysis, market’s internet factors are analyzed whereas market’s external factors are considered in fundamental analysis. FXOpulence offers 400 technical tools, narrow trading spread, high security of funding, and superior fast execution.